Global Regulator BIS Taps Mexico's Carstens As Next GM

Law360, London (December 1, 2016, 8:18 PM GMT) -- Agustín Carstens, the governor of the Bank of Mexico, is set to take over as the next general manager of the Bank for International Settlements in October 2017, the global bank regulator announced Thursday.

Carstens, who has governed Mexico’s central bank since 2010, will take over as BIS general manager — which carries a five-year term — from Jaime Caruana when he retires next year.

Jens Weidmann, chair of the BIS board of directors, praised Carstens' remarkable caliber and international experience.